The Focus In Trading Is Always On The Next Idea

Trading is the ultimate exercise in pragmatism.

Latest posts by Man of Mystery (see all)

Just focus, for a moment, on what we really do as traders. When you strip away all the technical and fundamental data, all the market knowledge, value bets, all the bells and whistles of the latest software you end up with just one thing.

We make decisions.

When trading on we make a LOT of decisions each day. Not only that but we make decisions in a probabilistic manner, knowing that there is absolutely no certainty attached to each choice. Like a man crawling underground in total blindness we only know that we need to move forward if we ever want to see sunlight.

Trading is the ultimate exercise in pragmatism. It does not care who you are, what you look like, what education you have or any other extraneous attribute that so often clouds our thinking. Trading only cares about results and for those that continue to practice it – it has a marvelous ability to focus us on what really matters.

I have two children. For those of you who have millennials in their midst I need not go any further to explain my conundrum. They are spoiled beyond belief, entitled like never before and utterly incapable of independent life ( I am sure our parents thought the same thing).

My standard way of dealing with these issues is a challenge because punishment only begets resentment and hatred and rarely motivates any long term change from the person.

This is where trading comes in. Trading only asks one question – how can I get results? In the case of my children that have the attention span of a gnat it came down to breaking all behaviour patterns to one task at a time. One task, one reward. No grand theories of accomplishment, no grandiose goals. Just basic day to day changes that are starting to take root.

The other thing trading teaches you is that the market doesn’t care. It doesn’t care about value. It doesn’t care if you spend 100 hours or 1 second on your trade analysis. It doesn’t care if you don’t feel well. It doesn’t care that you really need this next trade to keep your account from blowing up. The market is neither fair nor unfair, neither just or unjust. It just is.

For many this is a tough notion to accept and they walk away muttering to themselves that there is no way to win and that the game is rigged. But for those who stick it out this is perhaps the best lesson that trading gives us. For just like the market, life doesn’t care. It doesn’t accept excuses and there is no point in bitching about yesterday’s losses. Yesterday is dead. The focus in trading is always on the next idea just as the focus in life is on what happens next.

Our AI articles are NOT written by a real person and are provided for entertainment only. They may contain content which is inaccurate but we are hoping our AI bot, Rose, will become better over time. The AI category is the ONLY section of JuiceStorm.com that has zero human input.

In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.

2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.

All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.

All results for the 30,635 Betfair markets traded are here and the charts are here.

Top 100 Comments on JuiceStorm.com

Racing Traders has over 20,000 registered members and more join every day. Find out why with a free trial.

BetTrader from RacingTraders.co.uk was the 1st application for Betfair & introduced the ladder UI. Invest £99 in yourself with a JuiceStorm EXCLUSIVE crypto only offer for a BetTrader lifetime license and no further payments.

Successful Betfair Traders have the simplest Betfair Trading systems. The difference is their selection process, experience and execution level. Get that difference for yourself with automated trading by TradeHost.
Leave A Reply
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each JuiceStorm member is allowed two daily comments. Use them wisely.
  • Comments must be limited to the number of words displayed above the comment box.
  • Use branded capitalisation, eg. JuiceStorm, TradeHost, BetTrader, etc or John will get upset.
  • You agree that any comment you make may be used for marketing purposes by JuiceStorm.com.
  • You need more than 20 words? Click here for the largest Telegram community for Betfair Traders.